‘Hiring likely to pick up soon’

SummaryCorporate India's hiring plans are expected to witness a pick-up in the coming months as companies will not only hire for their core business areas, but also for positions that were on hold due to weak economic sentiments, experts have said.

Corporate India's hiring plans are expected to witness a pick-up in the coming months as companies will not only hire for their core business areas, but also for positions that were on hold due to weak economic sentiments, experts have said.

Recent initiatives by the government and RBI to stabilise the rupee seems to have improved the market sentiment. "If the positive sentiment ultimately turns into a positive economic cycle, recruitments in coming months and quarters may also get a push due to investments and expansion plans," CareerBuilder India MD Premlesh Machama said.

On account of rupee depreciation, exports from IT and some other sectors have become highly competitive, growing about 12% in July. The trend is expected to get stronger, experts said. "One can see the light at the end of the tunnel," said Changeyourboss.com CEO Bhupender Mehta.

Info Edge (India) CEO and MD Hitesh Oberoi said: "Worst will be behind us... the market will start looking up in the second half of this year."